Chedid Re named best reinsurance broker in KSA

Chedid Re won the best reinsurance broker award at the Arabian Business KSA Awards on Feb. 19.
Updated 22 February 2018
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Chedid Re named best reinsurance broker in KSA

Chedid Re, a company of Chedid Capital Holding — one of the top 20 reinsurance brokers in the world, and the only Arab Lloyds Broker — won the best reinsurance broker in Saudi Arabia award at the Arabian Business Awards for outstanding success and innovation in the reinsurance industry.
Held on Feb. 19, the 2018 Arabian Business KSA Awards honored top individuals and companies that have delivered success, innovation and excellence, as well as those that have made a vital contribution to the vibrancy of business within Saudi Arabia and across the region.
The crowning of Chedid Re for the award reinforces the company’s market-leading status in the Kingdom. The company, in collaboration with multiple capacity providers, and fueled by ongoing market research and exposure, has successfully created a range of innovative bespoke re-insurance solutions and services for companies in Saudi Arabia.
Elie Abi Rached, CEO of Chedid Re KSA, said: “We are delighted and honored to be awarded by highly-acclaimed Arabian Business Awards. The nomination is a testament to Chedid Re’s excellent business reputation, effective management, and sustainable performance. Chedid Re has always been at the forefront of implementation of quality management measures in its day to day operations, which is reflected in its strong performance over the years.
“We would like to share this award with our clients, as we remain committed to servicing them with transparency and efficiency. By targeting the best practices that position our business to qualify for awards, we have optimized our company’s performance and established a culture of achievement that promotes sustainable growth.”
He added: “Saudi Arabia’s insurance market is the biggest in the region and remains poised for further rapid growth in the years to come, as the economy expands and diversifies, leading to greater demand for reinsurance products and higher rates of affordability from the enormous potential consumer market under the guidance and supervision of the Saudi Arabian Monetary Agency. We will continue this journey with a firm strategy, and keep providing Saudi recruits continuous training and career advancement opportunities to develop their skills, attracting local talent and building a Saudi national workforce of high potential to be capable of leading Saudi Arabia’s reinsurance business today and in the future.”


Al-Futtaim ACE hosts Eid celebration

Updated 18 June 2018
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Al-Futtaim ACE hosts Eid celebration

Al-Futtaim ACE in Dubai celebrated Eid with 25-75 percent off its 25,000 product lines available both in-store and online. Customers enjoyed exciting deals on a range of home, DIY, outdoor and garden products as well as on electronic goods.
A number of in-store activities, such as a henna artist, balloons, cotton candy, pop corn and face painting for kids, kept everyone entertained. The Al-Futtaim ACE Eid Extravaganza ran from June 14-17.
Customers also took advantage of the recently launched “Price Match Protection,” which matches prices of branded products available at Al-Futtaim ACE to prices for the exact same make, model and specifications of products in the market, including at online retailers.
Al-Futtaim ACE stores offer over 33,000 great products of world-class brands such as WILKO, Karcher, Black & Decker, Makita, Clark + Kensington, Weber, Gardena and Leisuregrow.